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NIC Bank - Another profitable Rights coming up!
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mwekez@ji
#71 Posted : Thursday, October 02, 2014 9:32:17 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
@Sparkly et al, what was the percentage of allocation to additional shares applicants in the past rights issue?
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VituVingiSana
#72 Posted : Thursday, October 02, 2014 12:32:24 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,354
Location: Nairobi
mwekez@ji wrote:
@Sparkly et al, what was the percentage of allocation to additional shares applicants in the past rights issue?

First the Ndegwas get their fill.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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TheGeek
#73 Posted : Thursday, October 30, 2014 11:32:35 AM
Rank: Member

Joined: 7/3/2014
Posts: 245

NIC-RIGHTS trading @ a premium of 18 = 49+18=67

Current market price of NIC = 63.

Help me understand why i would buy the rights while i can purchase the common stock and still get allocation of some cheap rights.
In the world of securities, courage and patience become the supreme virtues after adequate knowledge and a tested judgment are at hand.
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mwekez@ji
#74 Posted : Thursday, October 30, 2014 11:56:38 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
TheGeek wrote:

NIC-RIGHTS trading @ a premium of 18 = 49+18=67

Current market price of NIC = 63.

Help me understand why i would buy the rights while i can purchase the common stock and still get allocation of some cheap rights.

The window to do the highlighted closed on 2nd October, 2014
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mwekez@ji
#75 Posted : Thursday, October 30, 2014 11:59:13 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
VituVingiSana wrote:
mwekez@ji wrote:
@Sparkly et al, what was the percentage of allocation to additional shares applicants in the past rights issue?

First the Ndegwas get their fill.

:( The current IM also seems to say this will happen again
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Angelica _ann
#76 Posted : Friday, October 31, 2014 10:54:37 AM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
What is the logic of buying rights in the open market at 15-20bob above the rights priced at 49.25bob, while market price of share is at 62-65bob......
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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streetwise
#77 Posted : Friday, October 31, 2014 11:20:11 AM
Rank: Veteran

Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
I wont say the word..
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mwekez@ji
#78 Posted : Friday, October 31, 2014 1:39:57 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
streetwise wrote:
I wont say the word..

This is not the spirit of wazua
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mwekez@ji
#79 Posted : Friday, October 31, 2014 1:42:18 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
Angelica _ann wrote:
What is the logic of buying rights in the open market at 15-20bob above the rights priced at 49.25bob, while market price of share is at 62-65bob......

I think chaps are buying a few of these rights from market as a ticket to apply for a bucketload of additional rights
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Aguytrying
#80 Posted : Friday, October 31, 2014 2:50:30 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
round 2 of making cash off the NIC rights issue. buy now at 62-64. sell when rights are announced successful or at 80.00 whichever comes fast.

your welcome!
The investor's chief problem - and even his worst enemy - is likely to be himself
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